Is Smithville Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Smithville Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Smithville Township has remained a Seller's Market.

Key Takeaway

Smithville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Smithville Township, NC

How much do homes in Smithville Township, NC cost?

Median Sold Price

$562,883

$375/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$47,883(+9.3%)

Key Takeaway

Homes in Smithville Township have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Smithville Township was $562,883 in April 2024, up 9.3% from last year, and the median price per square foot was $375.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $269K$293.5K
+9.1%
2 $375K$385K
+2.7%
3 $509.3K$529.6K
+4.0%
4 $745K$815K
+9.4%
5+ $1.3M$1.4M
+2.2%

Summary: Smithville Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Cities

Saint James
+14.4%
Caswell Beach
+13.6%
Smithville Township
+9.3%
Boiling Spring Lakes
+4.0%
Southport
-4.7%

Housing Supply in Smithville Township, NC

How many homes are available in Smithville Township, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
478493+3.1%

Summary: The Smithville Township real estate market had 493 homes for sale in April 2024, a 3.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 810
+25.0%
2 5252
0.0%
3 270270
0.0%
4 96111
+15.6%
5+ 5250
-3.8%

Summary: The Smithville Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes decreased by 3.8%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
8688+2.3%

Asking Price vs. Sold Price

62 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Smithville Township, you may be able to get a good deal. 70.5% of homes here sold below asking price last month.

Summary: A total of 88 homes were sold or pending in Smithville Township in April 2024, up by 2.3% month-over-month. Of the 88 sold homes, 70% were sold under asking, 18% were sold at asking, and 11% were sold over asking.

Days on Market for Smithville Township, NC

How long does it take to sell a home in Smithville Township, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
65 Days58 Days-9.9%

Summary: Homes in Smithville Township had an average of 58 days on market in Apr 2024, down by 9.9% compared to last year.

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Smithville Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 88 homes were sold in Smithville Township; 47% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in Smithville Township, NC

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